Strategic Value Partners, LLC and its affiliates (together, “SVP”) and Blantyre Capital Limited (“Blantyre”) announced that SVP-managed funds and Blantyre-managed funds have acquired OQ Chemicals (OXEA), a global producer and merchant of oxo chemicals. As part of the acquisition, OQ Chemicals will reinstate its name to OXEA, reaffirming its heritage and longstanding presence in the global chemicals industry.
OXEA is a manufacturer of oxo intermediates and oxo performance chemicals, supplying essential ingredients to specialty chemicals and additive manufacturers across key U.S. and European markets. It produces alcohols, polyols, plasticisers, carboxylic acids, specialty esters, and amines used in the production of paints, coatings, plastics, lubricants, pharmaceuticals, and other essential sectors.
With more than 1,200 employees worldwide, OXEA markets its chemicals in more than 60 countries, with primary production sites located in Germany and Texas, ensuring a strong global presence.
“OXEA’s leading market positions, global reach, and innovation capabilities provide a solid foundation for long-term growth,” said HJ Woltery, co-head of the European Investment Team at SVP. “We look forward to partnering with the OXEA team to build upon this strong foundation and continue delivering exceptional value to its customers and stakeholders across well-diversified markets.”